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BOK's Lee: Fed's stance likely to have bigger impact on BOK policy

The South Korean central bank, Bank of Korea (BOK), Chief Lee was on the wires earlier today, via Reuters, making some comments on the monetary policy and inflation outlook.

Key Headlines:

External conditions `not good'

Fed's stance likely to have bigger impact on BOK policy.

Inflation forecast could be lower than projected earlier.

Did not expect oil prices to fall this much.

Separately in a New Year address, South Korea’s President Moon was reported, as saying that the South Korean economy faces significant challenges.

Moon added that the changing frame of economic policies takes time.

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